The Betalay Horse Racing System
I’ve done a lot of research into horse racing systems over the years, so when a system lands on my desk nowadays I’ve normally got a good idea of whether it’s likely to work or not within a couple of minutes of looking at it. Of course, many of the systems I see are just plain junk, but occasionally you come across one that’s worth investigating and that’s what happened to me this week…
The system I’m talking about is The Betalay Horse Racing System and the first thing that hit me about this system is that (a) it appears to be incredibly easy to operate and (b) the advertised profits are incredible…. which is exactly what we’re looking for, if it’s all true!
Before we get started, I’d like you to take a look at this web page.
The reason I want you to look at this first is because I’m going to explain some of the things they’ve done to achieve the spectacular figures they advertise and that way you’ll be in a better position to make an educated decision about whether it’s for you or not.
Secondly, I should tell you that although this is listed under “Betting Books“, the PDF file you download is only 5 pages in size, so don’t expect to have to spend days trawling through chapter upon chapter of information. It’s a simple system that can be easily condensed into 5 pages, but in my opinion that’s a good thing - cut straight to the chase and all that.
Now, as far as systems go, this really is about as simple as they come. There are only three rules involved, you’ll know exactly which races to bet in within seconds of looking at the cards and you only ever lay one - easily identified - horse in each race. The system operates in the last few minutes before each race starting, but you can automate it using Malcolm Pett’s excellent Grey Horse Bot software, so even if you’re working during the day you can easily set it up in the morning and leave the software to do the rest for you on auto-pilot, which is a bonus.
To sum up the benefits:
- It’s VERY easily operated.
- You can completely automate everything.
- The advertised profits will make your mouth water.
That’s all well and good, but now let me get into the nitty gritty of it for you….
I was able to backtest this system, somewhat loosely because the software I used wouldn’t allow me to run reports using the exact odds range they recommend, but I was able to get it pretty close and (in my opinion at least) that’s good enough for our purposes here.
I’m in little doubt that their reports are accurate and that the selections they recommend you lay are 100% correct, but there are two things you need to know about. The first is that the numbers they display on their website don’t include Betfair’s 5% commission (although you’re probably on less than 5%) and the second is that the odds they’ve used are calculated to the industry Starting Price (SP) and not to the higher odds you can expect to lay at on Betfair.
When you factor these in it does have a detrimental effect on the advertised profits, but in my opinion the very worse case scenario would still see you showing a profit every year and the very best scenario - when you lay at as close to SP as possible, with a reduced BF commission rate of say 3.5% - would still see you generating an exceptional profit every year.
From a personal point of view I would attempt to fully automate it, so judging the odds before the off wouldn’t come into the equation, and I’m also on roughly 3.5% commission, so I would expect to be in a position to make a profit of perhaps half of what they advertise every year.
I can’t see how you would ever make the advertised profits, but hey - looking over the last few years it wouldn’t be unrealistic to think that you could make an extra £15K a year doing this and when you combine it with the Grey Horse Bot you can do the whole damn thing on auto-pilot.
That’s all good to me.
Another thing the author recommends is using a “recovery plan” where you attempt to recoup a percentage of any loss on your next four bets and again this is an easy thing to do when you use the Grey Horse Bot. I’m not always keen on these kind of staking plans, but when you consider that the strike-rate of the system is a healthy 88%, I think that in this instance you could (and probably should) use it to boost your profits from the system quite substantially.
All in all, I like The Betalay Horse Racing System and when used in conjunction with the Grey Horse Bot I think you’ll have a consistent, completely automatic, money-maker on your hands.
This is one that I’ll happily recommend…
Until next time,
Online Betting Exposed
From the system itself….
“We operate a cap price of 9.0″
…..so anything trading at 15.0 certainly isn’t a qualifier.
It would be good if someone could clarify the maximum Betfair odds to lay at. I would if it weren’t for Laptop Crash-gate and losing all the bloody systems I had
I’m 100% confident it’s an absolute maximum of 10 on Betfair and so nowhere near the 15 that’s being banded about here.
Yeah, you’re right Craig - using GHB I think 9.4 is about the max.
@Francis - Although the selection may have been a qualifier on Sporting Life, if it’s odds are too high on Betfair then it’s a no bet. I can’t remember off the top of my head what the maximum odds are that Betalay uses, but it’s no where near 15, in fact I think it’s a maximum of 9 or 10 so it wouldn’t be a bet, so the system is totally workable.
Yes Paul that’s my point. To follow Betalay correctly and to the rules,that selection lay bet at 15 must be placed,for the horse in question was a clear 7/1 selection just at the off. it just shows you that this system is crazily unworkable.To skip bets because of high prices renders the whole thing unworkable. Effectively, you’d have been laying a 7/1 shot at 15 on Betfair.Just not on.Sorry.
Personally there is no way on earth I’d lay at bigger than 20% over SP and even that is pushing it. If I can’t lay at close to SP or back bigger than the suspected SP then I rarely bet at all. Sure, I might miss a winning bet sometimes, but I’d rather be confident about putting my money down.
Terry RE Betalay - my understanding of it is this.Taking the Musselburgh race as example - the selection was 7/1 on sporting life when “going behind” Now this is a clearly defined bet.It qualifies. But as it’s based on bookie price, then to follow the system correctly,you then must lay the said horse on Betfair if it qualified at 7/1 on Sporting.Whether the betfair lay price was sky high is irrelevant or indeed if the horse was a selection on Betfair,sometimes it’s not,which is why bot using this system sometimes selects the wrong nag compard with the official starting prices on course.- meaning you’d have to lay it at 15. Thats why I think the system is unworkabe.That example is much more than 10% over bookie price - approaching 50% that time - if the horse had won you’d have been laying not at 7/1 but almost 14/1
I’d really like a manual user of Betalay to clear this up and to tell me I’m wrong?
Francis - shouldn’t it be done the other way around?
I.e. you check Betfair odds for eligability first, and if it loses, you see what the SP was and calculate the difference to get the overround for the next selections - see Craigs post on August 30th, 2008 2:30 pm
I.e. it wouldn’t have been a selection at 15.14 - you wait for the next race.
RE Betalay done manually and with 20% overlay - I noticed just now that the 2:20 at Musselburgh had Rainbow fox on Sporting Life at 7/1 - BUT on Betfair at the off when the bet should be laid the Betfair price was 15.14!! What a difference that is - maybe even too much from a 50% overlay to make up?
Hello
I ask a question on this forum, why is it not broadcast, and I say why not
thank you
Good morning
I have followed this subject here from time to time, I apply the method Betalay for me this is one of the best, but I have a question, how do you recover the benefits in case of loss? do you apply 4 times in a row on the next betting, or until recovery of losses?
How to use the grey-horse-bot with the system for recovering losses? I was struggling a configure
thank you
@ Craig or Paul about the recovery system
First of all, thank you for your wonderful review, it was what got me into trying the system and I must say I’m very pleased so far.
I have one question however, how could you automate BetBotPro to recover only the overlay?
It only allows you to set a recovery for a percentage of the total loss… Is there a percentage value I could set that would be a fair approximation to that? Maybe 10%…?
I am being stupid here.
Should have read the review in full for LayBot Pro!
Robin
Guys,
I presume there is no “bot” available on the market as yet to run Betalay?
I certainly would be interested but, only if I could automate the whole process.
Robin
@Tomkattrader,
I assure you I’m a genuine user, and I’m not trying to flog it (just offering a fellow user some assurance). I think if you check back through some of my earlier posts I’ve not always been 100% positive myself! The one thing I would say is that if you want to operate Betalay successfully you need to be disciplined (follow the rules to the letter) and if you have a consistent approach you should get consistent results (hope that doesn’t sound too patronising!) Good luck.
Thanks Robert,
I guess Betalay due to the amount of lay turnover you can quickly find yourself behind on a bad run. Because this then puts strain on trust as you have bought a sytem from a guy you dont know and then you might give up before it prooves itself. I was one of the people that bought Four the win just when the system had that really bad patch in July I think. We a consumers loosing money so quickly find it hard to justify puting more money in when we have lost maybe £ 100 or more. Your word to inspire some more confidence and Im assuming your lagit and not just someone who sells Betalay. Maybe one day in the furture I will try again, 100 points does sound good.
Tomkat
@ Tomkattrader,
As I said, Aug 29th was a minor setback (7 points doesn’t break the bank). And yesterday was a good set of results on Betalay with 20 points clear profit (33 bets in total, 2 losing bets - one at 4/1 and one at 7/1 - both followed by 4 winning bets to see overlay recovery fully accomplished). I think I understand what you are saying about the increasing stakes on overlay recovery if you don’t gat 4 winning bets straight after a losing one. I’m also pretty sure it’s been discussed on this thread previously (Paul will probably have a better idea). All I would say is that I don’t chase losses, I only set out to recover overlay (not lost bets) and if I get another losing bet before I’ve completed the 4 bet sequence for overlay recovery I don’t increase my stakes any further. Hope that helps.
Tomkat,
If your not convinced by this system i would forget it because if it does hit a bad patch you’ll probably bin it anyway..
My experiance tells me you need to find something that you’ll be happy with and understand and stick to the rules through thick and thin .
There’s plenty of profitable systems to choose from this site, you just have to find one that suits you life given time constraints etc
Is my opinion for what its worth..
@Tomkat - Not sure how much persuading you need, 100 points in a month is incredible
Fillies are girly horses too so you’re right to leave those races out.
Please excuse my lack of knowledge, but when some systems from this site say dont back Ladies races does this include for example Fillies Stakes. I have assumed yes but I dont think Ive seen a Ladies race just Fillies. Do you get Mares only races which are called Ladies ??
Tomkat